What is an FHA Streamline Refinance?

by gtopal / FHA Streamline Refinance

September 14, 2024

The Simplest Way to Lower Your Mortgage Payments

Are you looking for a quick and easy way to lower your monthly mortgage payments? If you already have an FHA home loan, the FHA Streamline Refinance might be the solution you need. At Reliant Home Funding, we specialize in helping homeowners like you take advantage of this streamlined refinancing process.

What is an FHA Streamline Refinance?

An FHA Streamline Refinance is a refinancing program specifically designed for homeowners with existing FHA loans. It’s called “streamline” because it offers a simplified process compared to traditional refinances. There’s no need for an appraisal, which means you could refinance even if your home’s value has dropped.

This is great news for homeowners who are underwater on their mortgage. Instead of worrying about their current home value, they can rely on the original purchase price. Want to learn more about how this works? Click here to get started with our Refinance Intake Form.

Why Choose an FHA Streamline Refinance?

The FHA Streamline Refinance has one goal—lower your mortgage payments. Whether you’re looking to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage or just want to reduce your interest rate, this option could save you money. Plus, you don’t need a high credit score to qualify.

Ready to take the first step? Start your refinance process today by filling out our refinance intake form.

No Appraisal Required

One of the most appealing benefits is that no appraisal is required. Even if your home’s value has decreased since you bought it, this program lets you refinance based on the original purchase price.

Get the full details of how this refinance works by connecting with one of our licensed loan officers today. Start here by filling out our intake form to see if you qualify.

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